BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION
Authorised Capital
$50,000,000. Issued and Fully. Faid-up 20,000,000
Reserve Funds.........
Sterling
Silver
6,300,000
Reserve Liability of Pro-
prietors
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA;
Incorporated by Royal Charter, 1853.
4,000,000
HEAD OFFICE="LONDON
Paid-up Capital 20,000,000 Reserve Find
HEAD OFFICE HONG KONG
Reserve Liability of Pro-
prietors
£3,000,001 £3,000,000)
£3,000,000
Agencies and Branches:
Alor Sta
Deila
Bangoon
Ipak
Bangkok
Karschi
Semarang
Bateria
Bonsay
Kobe
Seremban Shanghai,
Calcutta
Koal
Singapore
Canton
Lunapar
Ritions
Kuching
Mačvan
**arping
Manda
Meden
Tingkah
New Fock
(ring) Pecant
Tokobama
Zamboanga
T. M. Grayburn, Esq.
BOARD OF DIRE,TORS.
S. E. Dodari, Bag
Chairuns
CC. Knight. Eng.
Deputy Chachan,
Chief Manager
Hon. Mr. W. H. Bell
Hon. Mr. J. J. Paterson] čabli A.E. Compton Esq., T.E. Pearse Esq., Colombo M. T. Johnson Esq. G. Miskin EsQ-phong J. A. Plummer Esq., A. L. Shields Esq. Hamburg
ΑΜΟΣ BANGZOT
BOMBAY
CALCUTTE
CISION
CHEFOO
·COLOMBO
TAIREN
HAIPHONG
HAYBERG
HANKOW
HARMIX
HONGFEW
поло
IPCH
20HORE
FOBF
KOWL ON
BRANCHES :-
LONDON LYONS
MALACCA
MANILA
MTAR (Jobore)
MURDEN
NEW YORK
PEIPING
PESANG BANGOOK
SAIGON
SAN FRANCISCO:
ATALA LUMPUR
SHANGHAI
SINGAPORE
SOCEABATA
STGE PATANI
TIENTSIN
IDATO
TSESTAO TOKOELANE
Current Acconete eprord to Local Chevracy sod Fired Amposite received for one war o shorter periods in Toral Currency sod Steräng on term which will be quoted on application.
Hong Kong, 2nd October, 1935.
HONG KONG SAVINGS BANK
The Bust of the shove Bank in conduct
ed by the BONG KONG AND SHANGHAI BANKING CORPORATION.
obtained on appication
FOR THE HONG KONG AND SHANGHAI- BANKING CORPORATION,
Hankow Harbin
Flang
(S)
Forsigs. "Zuokange avč Gunari). Taking bossens
THE CHINA MAIL FRIDAY, OCTOBER
ommerce and Finance
NEW YORK STOCK MARKET
Rallying Tendency Should Continue
IN ABSENCE OF FURTHER LIQUIDATION
In their market report, Messrs. SE Levy and Company, cozzes- pondents for Messrs. White Weld and Company, New York, state:- "Stocks: In the absence of
Current Accounts opened and Fixed Depot further liquidation, the rallying
| tvertnad for one your or shorter periods at rates
which will be quoted on application.
A. BREARLEY,
tendency shown to-day should contique. For a longer term, Manager third-quarter business results Hong Kong, 1st January, 1995 and fourth-quarter
prospects
THE
iwill govern. Some indications
are now coming to hand that nei- ther business results nor fourth-
AMERICAN EXPRESS COMPANY; quarter prospects will quite ap
INC.
Head Office:-65, Broadway.
New York
Capital
Samplas
Reserves
Artistepäras Antwerp Athene
Baule
Berlin
Bomber
_U_S$6,000,000.00
BRANCHES:-
CAPTION CHARCON The Bagon
Hamberg Hatre Fendaltung Inseriabra
Indoo Liverpool
Lore Leguma Luxor
Paria Priping Palermo.
Rotterdam Bome Pháoghai Southampton
Bretten
Bules may be
Bangla Cairo
Singapore
Chief Manager.
Hong Kong. Sich February, Xham
Cniombo Copenhage Dublin
·Edinburgh Firence Ста
Voctor Certo Mania Kurich
Imornica Vienna
Townhom Zurich
MOOSTWIT
T. X GRAYBUEN
Branches of American Express |
proach previous optimistic predi tions. Business done:-1,480,000 shares.
“Wheat: Short interests are believed to have been mostly elim-. inated. The market is acting well, considering heavy profit- taking. Total sales:-92,764,000 bushels. Corn:-18,688,000 bus- bels.
LOCAL SHARES
*
TO-DAY'S QUOTATIONS
The following is the list of local [share quotations issued to-day-
"Cotton-Profit-taking and in- creased hedge selling are offset- We would ting foreign buying. advise purchases on moderate de-]- clines »
The following telegram was re- ceived last nightt-
Bobnless
HK. Bank $1,000 bu HK Bank (London) 1224 Chartered Bank 413′′n, Mercantile Bank A. and
52934 1
Meccantile Bank C. £18 Bank of East Axia $60 n
Canton-Ins: $180 1. Union Ing: $37234 D... China. Underwriters $1.10 zi China Fire Ins. $582. z. HK Fire Ins: $180 n. International Assce. $é n
Shipping
Douglases $36 n.. -H. Steamboats $4 n.
Indo-Chinas (Pref), $30 Indo-Chinas (Def), $12 mi Shell (Bearer) 67/6 Union Waterboats 3171% n-
Mining Antamoks 76 cts. . Balatoes $14 D. Baguio Gold 24 cts.
Benguet Consolidated $112 Benguet Exploration 13 cts. 11. Benguet Goldfield 10-cts. n... Big Wedge 8 cts. a. Gold Creek 30 cts. n.
Gold River 7 cts. 1.
Ipo Mining 90 cts. D. Itogons 364 cts. a.
Wheat: Trade interests are absorbing heavy speculative pro-Salacots 15 cts. n. fit-taking. Flour sales are large.
THE BANK OF EAST ASIA, LTD. Company in Principal cities of United We favour purchases on further
authorised. Capital
Paid-up Capital
Bewerte and Codivided Profits
270,086,000.00 -
States of America and Canada.
All classes of Commercial Banking 3,254,000.00! $220,000.00 Transactions undertaken.
HEAD OFFICE HONG KONG
··19. Des Toux Road Central
BOARD OF DIRECTORS;-; “ Suy Shou-on Chow, Chains, 2013,
Li. Boos Chun, Eam P. I. Kwok, Leer
Tun Tong Esq. Chan Ching Shak, Esq. Li Lan Hang. Erg. Wong Gay and Fa, Eng.
*Kan. Tung To, Zag... Chief Hansent.
Bateria
Li Tae Yong, Eaç- Manager -
BRANCHES AND ADENCES
Maste
Melbourne
Avoy
Seatin
"Bambay
Second
Calcusta
New York
Semarang Shanghal Niagapore
Canton Haiphong
Qualca
Surabaya.
Paris
Sarton
Pazpima
Bydney
Prang
Taikoku
Bango
Ti-aria
Sain
Tokyo
Vasccarey Yokohama
Henkoe Benetale
Eobe Kowloon Loudwa
Ean Francisco
Every description of Beaking sod Exchagav busines" transacted. Losos granted on approved securities.
Current Accounts opened in. Lost Currency and Fixed Deponite · "received for one
warter periods in Local and Foreign Caernacion on serma which will be quoted ; an application.
Safe Deposit Boxen To Lat, Sta
EAN TONG YO
Chief Manager. -
THE CHINA & SOUTH SEA BANK, LIMITED
(Incorporated in China)
Head Office
Capital
Beserve.
Branches
Shanghai
$7,500,000.00
$1,500,000.00
All Important Cities
in China
Foreign Exchange and General Business trzivaclad."
Banking
Coment and Saving Accounts opened and Fizad Deposite, received “for ons gest or shorter perioda
at "tulan which will be gouted an application.
་
SOU Z CEANG,
HONG KONG. BEANCH:
Kanner.
...Tel XILES
24, Den Vorut Road, Central,
Manager's Ofhon
Foreign Exchange 'Doge
General Offen
Cashier's Omer
THE YOKOHAMA SPECIE BANK
LIMITED
Established 1830
Capital (full paid-up) Yen 100,000,000 Reserve Fund Ten 127,450,000
Head Office: YOKOHAMA '
Branches and Agencies
Alexandzia Batavia
Berlin
Bombay
| Calerzita,
Canton
Dairen (Daby)
Feng-tien. Mukden)
Hamburg
Hankow
Harbin
Fong Kong
Fumoinin
Hainking
Karachi
B
Nagasaki
Nagoya
New York
"Ozaka
Paris Peiping Rangoon
Rio de Janeiro
San Francisco
Seattle
Semarang Shanghai
Singapore Sourabaya
Sydney
Tientsin
Tokyo
Kobe
London
· Los Angeles
Manila
Moji
· „Interest allowed for Curent Ac-
-Deposits received for fixed
wtes to be obtained on app
12th
Personal
handled.
investment
accounts
reactions.
Latest Quotations
The following quotations were Freceived by Beater
The Company offers to intending Travellers the use of its "Travellers Cheques" and Letters of Credit and, NY./Landon in addition, the world-wide services of its thoroughly equipped Travel Department
cross-rate
Prev. To-day's close close
Manager.
4.89744894. Y. Cotton Oct... $1.0M 11.00 MY. Rubber Dec. : 11,93 12.01 Chicago Wheat Dec. 106% Chicago Corn Dec..
1067%
61%%
Montreal Sliver Dec. 66.50 Silver Official
65%
66.95
65.
E. W. DUGGAN,
THE WING ON BANK
LIMITED.
Head Office: Hong Kong 26. Des Voeux Road Central
Authorised Capital $10.000,000 LONDON BANKERS:-
Westminster Band, Ltd.- Foreign Exchange and every-des- cription of banking business transact-
Current Accounts and Savings Ac counts opened. Fixed Deposits re- ceived at rates which will be quoted on application Special rates given for Special deposits.
Trusteeship and Executorship dertaken. Safe Deposit Boxes for bire
· PHILIP GOCKCHIN Chief Manager
| L. GOCKCHIN
Asst. Manages
THE
LI SHU FONG
Asst. Manager
SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED (Incorporated in China)
Capital paid up.
$5,000,000, Reserves
$7,200,000 Capital Savings Dept. $500,000. Reserve Savings Dept. $600,000. Head-Office-Shankzin!
A Bank having as its mission the industrial development an China and the fostering of her commercial relations #broad: Hong Kong Office
47, Ice House St.
Phone 3145-2-3
Is It Insured?
Insurance All Classes
“LOVEST RATES
American Asiatic Underwriters
Fed Ine, USA.
General Agents
|
29
.. Dow Jones Averages
30 Industrials 128.06 129.0599 up 20 Rails
32.61 32.78 17 mp 23.92 24.40 48 up 95.87 95.67°/° 20.66%
20 Utilities. 40 Bonds ... 11 Commodity
Index 57:30 57.39.03 up Business Done:-1,480,000 shares.
LOCAL
DOLLAR RISES
Silver Prices Advance
The local dollar has risen opening on demand this morning | at 2/04
Both "spot" and "forward silver have also risen 1/16, to 29-7/16 and 29% respectively.
The London on New York cross- rate was quoted at US$4.89%. as compared with US$4901⁄4, while the New York on London cross-rate was quoted at £ US-$488, as compared with £-- US$4.89%
NEW YORK STOCK EXCHANGE
Latest Quotations
October 4
"The following quotations were re- ceived by Beuter:
Kailan Mixing Ad. 10/5 m. Langkats (Single) Sh-$13 n. S'hai Exploration Sh $474 n. S'hai Loans Sh. $51⁄4 n Raubs $634 s Venz; Goldfield $2.80 n.
Docks, etc..
HK and K. Wharves
ST2
d.
1935
WEEKLY MARKET RUBBER AND TIN
REPORT
PRICES STILL SHOW DECLINE
NEXT: MOVE LIKELY TO......
NABE UPWARDA.
Messrs James F. Hutton & Co Ltd., Manchester, reported as fol lows on September 4:--
Over the past week the general position has · continued "to bearish and prices all round show
Production Quota Raised
NEW RUBBER PLANTINGS IN COSTA RICA
London, To-day.
An extraordinary, meeting of the International Tin Committes
NEW ADVERTISEMENTS
NOTICE
Official Opening of the New Head Office of the HONG KONG & SHANGHAI BANKING
CORPORATION
on 18th October 1935.
decided to raise the production Chef Accountant will be pleased to issue invitation quota by 5 per cent. to 70 per cent of standard tonnages chent who may have been in- cards to any shareholder or betrospective to July 1.
Ladvertently omitted, from the in- The New York Times reportsvitation list a further decline. The opinion of from San Jose, Costa Rica, that certain "experts regarding this
NOTICE
B continuance of falling prices, is taking advantage of the recent that the situation is not one at law exempting the rubber indus which to be alatined through any from Customs and other taxes fear of the bottom falling out of for 20 years, representatives of
the Goodyear company have conHE CONSUL for Portugal and tracted with the Government to T Portuguese Associations in
the market
In fact, some of them are fo clined to think that prices are at present around their lowest level, fand in all probability the next! movement "of note will be in an upward direction..
Enquiries Increased During the past few days there
Plant 2.500 acres of rubber trees Hong Kong will be At Home to
3000 as possible.-Renter.
friends at the Club Lusitano" on the 5th of October, from 11.30 fam to 12:30 pm on the occasion of the 25th Anniversary of the
RAW RUBBER PRICES Portuguese Republic.
has been a noticeable increase in Latest Quotations From
the«nmber of enquiries for piece |
goods. but the dealers themselves
do not appear to have sufficient
Singapore
PUBLIC AUCTIONS
confidence, and therefore brders! Messrs. H. E. Joseph & Co. have†HE Undersigned, have received are being given out very sparingly, received the following Straits Curful instructions to sell by Public
India has shown a little more rency quotations from Singapore Auction.
interest, but it is still exceptional for Raw Rubber:-
to come across anything at all of importance. Bombay has bought a few bleached and dyed cloths. and Calcutta has placed a small trickle of business in various light goods. satteens and fancies, as also has Madras and the up-coun- try markets, but the total has been
podz
There has been a small steady movement in lawas and voiles for Rangoon, and a few dhootles and bleached shirtings have gone through for Colombo, but the majority of the bids for dhooties which have been received were {substantially, out of range.
On
Spot 19: Up * b. 19 % « Saturday, the 5th: October: -1935- November/December 19 % Ue-
s
changed 19 January/March (1936)
b. 20 1⁄4 S
20 Up
April/June (1936) 20% Up
b, 21 s. Market: Fira
RETIRING COUNCIL MEMBERS
(Continued from Page 9.)
Deadlock Reached
"It is hardly necessary for me Prolonged negotiation has re-to say how much I personally and, sulted in differences for standard]I am sure this Council as a whole white shirtings being reduced to regret that the time has now come (old) about 3 per cent, but a position for him to leave it. I will "not"}
HK and Wharves (new)
$70 L
HK and W. Docks $9, n. Providents (old) 55 cts. n. Providents (new) 20 cès. De Hong Kew Sh. $240 n. New Engineering Sh Shanghai Docks Sh.578 n
Cotton Mills
Ewo Cotton Sh. $534 sa
(old) Shanghai Cotton
$65/114 Shanghai Cotton (new) $40 Zoong Sings Sh. $816 n Wing On Textiles Sh. $25 1 Lands, Hotels, etc.
at their Sales Room,
Dúddell Street
A Quantity of Miscellaneous Goods
10 Bags Brass Eyelets
2 Cases Razon.
-1 Case Plaster of Paris Figures
"1 Case Electrical Goods
1 Case Felt Hats...
21 Cases Beer
1-Bag Cork
1 Case Brashes.
also
Quantity of Valuable Household
and Office Furniture
comprising
Iron Safe, Electric Fans, Type- Sundries, etc, etc. Cash on Delivery
TAMMERT BROS..
Auctioneers.
T
Undersigned have receiv
ctions to sell by
mmencing at 2:30 pm:
at their Sales Room, Daddell St. An Assortment of Fine Cut
of deadlock appears to have been weary you, Gentlemen, with a re reached. Shippers to China. Sincital of the Boards and the Courts gapore and Egypt have only ar-and the Commissions to which ranged the most trifling transar-Dr. Kotewall has given bis al- tions. Dyeing and printing ways valuable assistance. Until cloths and linings have met with a week or two ago I was Secre-1. Tuesday the 9th October, 1933- ja better enquiry from South❘tary for Chinese Affairs in which America, but the producers have post, as is natural, it is chiefly complained of the cut prices they possible to assess the value of his
services to the community. For Glass have had to take.
Little fresh buying has been those services I should like to She reported for West Africa. Dealers express my own gratitude and the appear to be watching events very gratitude of the Government. - closely and entering the market
Honour For Services whenever values show a moderate Eight years ago, Dr. Kotewall reaction. Further transactions in received the signal honour from On View from Monday the 7th. greys for finishing have occurred His Majesty of being made a Com-October 1935- for Switzerland and Denmark
HK and S. Hotel $3.10 b. $3.10
sa
HK Lands $24 $2. H.K. Lands 4% Debentures $100
Shanghai Lands Sh. $13.90 sa Metropolitan Lands Sh. $10 m Humphreys $72
H.K. Realties $4 n.. Chinese Estates $86 m2 China Realties Sh.$4 m China Debentures Sh.$56
· Public Utilities HK. Tramways $11 s. Peak Trams (old) $51⁄2 2. Peak Trams (new) $5 n.. Star Ferries $78 n.
COMMODITY PRICES
The following quotations have been received by Beuter.
Prev. Yesterday Closing Closing }New York Cotton:--- ¡October
December January
11.07 11:00 11.07 10.93 11.09 10.96 1118 .11.05
··71.22 11.10
March
Yaumati Ferries $17.
May
C. Light $7.80 b. $7.90/8.00 sa. HK Electric $52% 5. $53 sa. Macao Electrics $20 n. Sandakan Light $3 s. Telephones (old) $175 82. Telephones (new) $61⁄2 n. China Buses Shi$113⁄4 n. Singapore Traction 10/6 n. Singapore Pret. 25/- n.
Industrials
July
11.27
11.12
Spot
1140
1130
New York Rub
December
1193
12.01
January
12.00
March
May
July
12.09 12.15 12.24 12:28m 12:39&. 12.430 12:51
Chicago. Wheat:- December
May
July
106% 106
$105 105% 962
96
Cements 33 b
Chicago CorD:-
FLK Ropes $155 b. Stores, etc.
December
May
60%
61% 60%
Dec.
11.93
Chic Wheat
Det
106%
May.
105%
12.02
106%%% -105 ·
Dairy Farms $143% n. Watsons $2.90 m
July
613%
61
Winair Wheat:
Lane, Crawford $8 n.
October
Chic Corn
December
Dec.
61
May
T00:
May
60%
-59%
2.58
NY. Cotton NY/London *Oct
May
Last
close 10.20
:
11.00
4897 489 4.89% 11.07 11.13 11.08 11.22 11.23 11.18
N.Y. Rubber. 1202
ILK. Office STOCKS.
Asia Fifa Amer Smelting 46%
Anaconda d Building
Copper
Head Office
17, The Band
Sha
Tel. 38234
19
Com: Gas “ot
NE
264%
COMPLET:
Elec. Bond &
Sorte e 1016.
"Int"Tel"&"Tel:8%%
Malabon Sugar $81⁄2 n.. Call, Macg. (Ord.), Sh.$191⁄2 Cald: Macg. (Pre£), Sh$18 n.
Canton Ices $1.60 n.
· Mackintosh $7 1.
Sinceres $5 a
Wm. Powells 70 cts. 1. Wing On (HE) $55 22.
Miscellaneous
Eatertabumer
S. C. Enterprises $1.35 n Macao "Greyhounds. 2 nä Constructions" (old) $1.10
29.
panion of the Most Distinguished | Order of Saint Michael-and Saint George. He is at present acting as a member of the Executive
Council during the absence of Sir
Shouson Chow, having already acted in a similar capacity on no less than six previous occasions.Į
Superior Cutlery
Silver and E P. Ware Bronze Figures
and
Valuable Fors
Tems: Cash on Delivery":
LAMMERT BROS.
Auctioneers
Hong Kong, October 4, 1935.
"In making a speech like this I Council where we, who are col- feel rather like one who delivers leagues of Sir Joseph Kemp and mort a funeral oration over someone Dr. Kotewall appreciate who is still in perfect health. If fully how well these honours have so I hope that Dr. Kotewall will been won by distinguished merit, believe that, although the exigen-painstaking industry, sterling cies of our constitution deprive worth of character and very loyal us of his further presence in this and devoted services to Hong Council, it is the earnest wish of Kong."
all of us that he will consider him-
self to be hardly more than at the outset of his public career.”
Sound Judgment
the
"As Senior Unofficial Member, Sir E. Pollock's Speech
then said: Speaking on behalf of the Un- Dr. Kotewall has been official Members of the Council means of giving advice not only Sir Henry Follock said:
to the Government Officials of this "On behalf of the Unofficial Colony but also to many members Members of this Council I desire of the Chinese Community who to indorse all that you have said have sought his counsel I myself in regard to General Bozzett. have often experienced the benefit “We are very sorry that he is of the sound judgment I have had leaving us and wish him every from him? on success in his future career.
various matters affecting the Chinese community.” "As Senior Unofficial Member I
"On the present occasion I can indorse all that has been said by only repeat what I then stated, Your Excellency in praise of Dr. except to add that, in the years Kotewalls services to this Colony which have intervened, I have “As you have pointed out, Dr. learned to appreciate yet more Kotewall has been a Member of fally Dr. Kotewall's abilities and this Council since 1923, having his services to the Colony, both in received the exceptional honour of and outside of this Council and nomination to an Unofficial seat on also in the Executive Council. this Council for a third term,
where so much responsible, hard “In February, 1927, following work is put in by the Official and on the bestowal of Knighthood on Unofficial Members alike Sir Joseph Kemp, and the Con- “As you have pointed out, Sir, panionship of the Order of St. Dz. Kotewall has – several times Michael and St George
219
2:26
General Motors: 443290
Constructions (new) 25 chái
1.82
1.88
Kotewall the then
8%%%
Vibro Piling $41
More
18172
188
Cecil Clementi
Loew's:Inc
"Montgome
Ch. Gost: 596 1925
91%
May
182
1.88
two recipents
Honours Join
20% 1207%
66.50
66.95
66.7
01
67.00
evoked
Steel
ace: Harpers $
6745
on
Practed as a Member of the Execu Sir tive Council, and I hope that I the may be permitted on behalf of all
those who are
With his
Kotewa
per